Jared Kushner’s Real-Estate Firm Sought Money From The Qatar Government Weeks Before He Backed A Blockade

From our partner
BY: Clayton Swisher 03.02.18

Getty Image

The real estate firm tied to the family of presidential son-in-law and top White House adviser Jared Kushner made a direct pitch to Qatar’s minister of finance in April 2017 in an attempt to secure investment in a critically distressed asset in the company’s portfolio, according to two sources. At the previously unreported meeting, Jared Kushner’s father Charles, who runs Kushner Companies, and Qatari Finance Minister Ali Sharif Al Emadi discussed financing for the Kushners’ signature 666 Fifth Avenue property in New York City.

The 30-minute meeting, according to two sources in the financial industry who asked not to be named because of the sensitivity of the potential transaction, included aides to both parties, and was held at a suite at the St. Regis Hotel in New York.

A follow-up meeting was held the next day in a glass-walled conference room at the Kushner property itself, though Al Emadi did not attend the second gathering in person.

The failure to broker the deal would be followed only a month later by a Middle Eastern diplomatic row in which Jared Kushner provided critical support to Qatar’s neighbors. Led by Saudi Arabia and the United Arab Emirates, a group of Middle Eastern countries, with Kushner’s backing, led a diplomatic assault that culminated in a blockade of Qatar. Kushner, according to reports at the time, subsequently undermined efforts by Secretary of State Rex Tillerson to bring an end to the standoff.

The Gulf crisis involving Qatar and its neighbors will likely be Kushner’s defining foreign policy legacy. The crisis followed a May visit to Riyadh, Saudi Arabia, by Kushner and President Donald Trump, who subsequently took credit for Saudi Arabia and its allies’ efforts against Qatar. The fallout has reshaped geopolitical alliances in the region, splitting the Gulf Cooperation Council and pushing Qatar, home to the Middle East’s largest U.S. military base, closer to Turkey and Iran.

Mohammed Hitme, chief of staff to the Qatari finance minister, did not respond to emails or phone calls seeking comment. White House Spokesperson Hope Hicks referred questions to Kushner Companies, whose spokesperson Christine Taylor said, “We don’t comment on who Charlie meets with.” She added, “We don’t do business with any sovereign funds.”